Insider Selling: DocuSign, Inc. (NASDAQ:DOCU) Director Sells 10,000 Shares of Stock

DocuSign, Inc. (NASDAQ:DOCU - Get Free Report) Director Peter Solvik sold 10,000 shares of the business's stock in a transaction on Friday, January 10th. The shares were sold at an average price of $91.26, for a total transaction of $912,600.00. Following the sale, the director now owns 150,253 shares of the company's stock, valued at approximately $13,712,088.78. The trade was a 6.24 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

DocuSign Trading Down 0.4 %

DOCU stock traded down $0.40 during trading on Monday, hitting $90.02. The company had a trading volume of 2,368,259 shares, compared to its average volume of 2,269,386. The firm has a market capitalization of $18.19 billion, a price-to-earnings ratio of 18.56, a P/E/G ratio of 8.70 and a beta of 0.88. The business has a 50 day moving average of $87.59 and a 200 day moving average of $69.36. DocuSign, Inc. has a fifty-two week low of $48.70 and a fifty-two week high of $107.86.

Institutional Investors Weigh In On DocuSign

Several institutional investors have recently bought and sold shares of the stock. Toronto Dominion Bank lifted its holdings in DocuSign by 30.3% in the 3rd quarter. Toronto Dominion Bank now owns 26,159 shares of the company's stock valued at $1,624,000 after acquiring an additional 6,081 shares during the last quarter. Inspire Investing LLC acquired a new stake in DocuSign in the 3rd quarter valued at about $911,000. Charles Schwab Investment Management Inc. lifted its holdings in DocuSign by 1.2% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,328,355 shares of the company's stock valued at $82,478,000 after acquiring an additional 16,014 shares during the last quarter. International Assets Investment Management LLC lifted its holdings in DocuSign by 5,660.8% in the 3rd quarter. International Assets Investment Management LLC now owns 438,914 shares of the company's stock valued at $27,252,000 after acquiring an additional 431,295 shares during the last quarter. Finally, Quantinno Capital Management LP lifted its holdings in DocuSign by 39.5% in the 3rd quarter. Quantinno Capital Management LP now owns 201,546 shares of the company's stock valued at $12,514,000 after acquiring an additional 57,104 shares during the last quarter. Institutional investors and hedge funds own 77.64% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts have weighed in on DOCU shares. Piper Sandler boosted their target price on shares of DocuSign from $60.00 to $90.00 and gave the company a "neutral" rating in a research note on Friday, December 6th. Hsbc Global Res upgraded shares of DocuSign to a "moderate sell" rating in a research note on Friday, December 6th. HSBC restated a "reduce" rating on shares of DocuSign in a research report on Friday, December 6th. Robert W. Baird upped their price target on shares of DocuSign from $59.00 to $100.00 and gave the stock a "neutral" rating in a research report on Friday, December 6th. Finally, JMP Securities restated a "market outperform" rating and set a $124.00 price target on shares of DocuSign in a research report on Tuesday, January 7th. Three investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and three have given a buy rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Hold" and a consensus target price of $92.45.

About DocuSign

DocuSign, Inc provides electronic signature solution in the United States and internationally. The company provides e-signature solution that enables sending and signing of agreements on various devices; Contract Lifecycle Management (CLM), which automates workflows across the entire agreement process; Document Generation streamlines the process of generating new, custom agreements; and Gen for Salesforce, which allows sales representatives to automatically generate agreements with a few clicks from within Salesforce.

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